World Perspectives
feed-grains

Australian Barley Rebound

Australia announced that an agreement had been reached with China that will end the latter’s punitive tariffs on barley from Down Under. For its part, China said it is willing to work with Australia to normalize relations. In May 2020, China imposed tariffs of 80.5 percent on Australian barley, claiming Australian subsidies distorted the market. It was in fact retaliation for Canberra encouraging an inquiry into the origins of COVID.  As the primary and premium market for Australian barley, it was expected to cripple the industry. However, the global barley market is fungible and expectations that Canada would largely profit from the trade war, a huge drought in 2021/22 made less available for export. Australian farmers switched...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Pulls Back from Weather Rally; Soymeal Leads Soy Complex

The CBOT saw mixed trade to start the week with wheat futures (except the MGEX market) pulling back amid profit taking and a general feeling of a correction after their recent rally. The soy complex, on the other hand, saw a strong rally in soymeal as the plight of the Argentine crop is bolster...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 29 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.4925/bushel, down $0.0075 from yesterday's close.  Jul 24 Wheat closed at $6.085/bushel, down $0.1375 from yesterday's close.  Jul 24 Soybeans closed at $11.82/bushel, up $0.0475 from yesterday's close.  Jul 24 Soymeal closed at $354.3/short ton, up $9.6...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Pulls Back from Weather Rally; Soymeal Leads Soy Complex

The CBOT saw mixed trade to start the week with wheat futures (except the MGEX market) pulling back amid profit taking and a general feeling of a correction after their recent rally. The soy complex, on the other hand, saw a strong rally in soymeal as the plight of the Argentine crop is bolster...

feed-grains soy-oilseeds wheat

WPI Crop Progress and Conditions App (Updated 29 April)

Update for 1 April 2024: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.4925/bushel, down $0.0075 from yesterday's close.  Jul 24 Wheat closed at $6.085/bushel, down $0.1375 from yesterday's close.  Jul 24 Soybeans closed at $11.82/bushel, up $0.0475 from yesterday's close.  Jul 24 Soymeal closed at $354.3/short ton, up $9.6...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Corn Argentina’s corn harvest only advanced by 2 percentage points last week as the rains show no mercy, making it difficult for farmers to enter the fields. Moreover, the focus of those who can enter fields remains on soybeans, which are typically harvested as soon as possible and take p...

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WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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